Commercial real estate sales steadily rising in the San Jacinto Valley

File PhotoRamona Plaza, which closed escrow in January, set the stage for commercial real estate at $108/square foot. ■ By Matt McPherson / Columnist The stagnant commercial real estate market in the San Jacinto Valley is experiencing resurgence, steadily rising on the coattails of the booming residential market. With home equity up 19 percent in the city of Hemet, and 14 percent in the city of San Jacinto over the last 12 months, a surge in commercial sales is reflected in the number of recent closings and commercial properties presently in escrow. The catalyst in Hemet was the sale of Ramona Plaza on the northeast corner of Florida and San Jacinto

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